Being contained by 1.0462 (Mar 13 low) support, EURUSD rebounded strongly to 1.0981, indicating that the downward movement from 1.1713 had completed. Further rally could be expected over the next several weeks, and the target would be...
By Elliott Wave International The question: Why use the Wave Principle when trading or investing? The answer: To avoid the herd that usually loses money in the markets. The explanation: Herding makes it difficult to follow the...
USDCAD is facing 1.3456 resistance, a break of this level will signal resumption of the uptrend from 1.1919, then the following upward movement could bring price to 1.4000 area. Near term support is at 1.3200, only break...
USDJPY remains in short term uptrend from 118.16, the fall from 123.75 is likely consolidation of the uptrend. Further rise to test 125.85 resistance is still possible, a break of this level will signal resumption of the...
AUDUSD continued its sideways movement in a trading range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another...
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.5929. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
EURUSD’s downward movement from 1.1713 extended to as low as 1.0566. Further decline to test 1.0462 (Mar 13 low) support is possible, a breakdown below this level will signal resumption of the long term downtrend from 1.3993...
This just in from our friends over at Elliott Wave International, who today released a page-turner of report about a secret new tax on banks — and ultimately their customers. It’s something I thought I should share...
By Elliott Wave International When Ralph Nelson Elliott discovered the Wave Principle nearly 70 years ago, he explained how social (or crowd) behavior trends and reverses in recognizable patterns. You can learn to identify these patterns as...
USDCAD’s short term uptrend from 1.2831 extended to as high as 1.3370. Further rise to test 1.3456 resistance is possible next week, a break of this level will indicate that the uptrend from 1.1919 has resumed, then...
